Russian lawmakers are working on amendments to launch a national crypto exchange. This effort is reportedly supported both by the Ministry of Finance and the Central Bank of Russia which have a long history of disagreement over crypto regulation in the country. As local media reported on Nov. 23, members of the lower chamber of the Russian parliament, the Duma, have been in discussions regarding amendments to the country’s existing cryptocurrency legislation “On digital financial assets” with market stakeholders. The amendments, which would lay down a legal framework for a national exchange,…
Day: November 24, 2022
BITCOIN (BTC) & CRYPTO MARKT UPDATE: Bitcoin Klaar Voor Grote Run Omhoog? ($25K?!!) 😱😱
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Metaverse Could Add $1.4 Trillion a Year to Asia’s GDP – Metaverse Bitcoin News
Deloitte estimates the metaverse could add $1.4 trillion to Asia’s GDP annually by 2035. Noting that the metaverse market could be as large as $13 trillion by 2030, the global financial services firm said: “The metaverse is no longer science fiction. Early metaverse platforms are already being used by millions.” Deloitte’s Metaverse Study A new report by Deloitte, titled “The Metaverse in Asia: Strategies for Accelerating Economic Impact,” estimates that the metaverse is a trillion-dollar opportunity in Asia. The study takes an in-depth look at 12 selected Asian economies: Hong…
The New Metaverse Blockchain: Simply Explained in Less Than 2 Minutes
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Singapore Starts Fraud Investigation In to Crypto Exchange Hodlnaut: Reports
The police are reportedly looking into allegations of cheating and fraud by the company and its directors. Source
Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator
The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12. In a statement on Nov. 23, the commission said the fact that FTX’s “systems were compromised, and that they continue to face new hacking attempts – reinforces the wisdom of the commission’s prompt action to secure these digital assets.” On the same day that FTX filed for bankruptcy on Nov. 11, the crypto community began flagging roughly $266.3 million…
Why Upsides Could Be Limited in SOL
Solana tumbled below the $20 and $15 levels against the US Dollar. SOL price is now recovering, but upsides might be limited above $15 and $17. Sol price traded as low as $10.92 before it recovered a few points against the US Dollar. The price is now trading below $15 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $12.45 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could face a strong selling…
ConsenSys, One of the Firms Behind the Ethereum Merge, Reveals it Collects User Data
The firm added that when using Infura, which is the default remote procedure call (RPC) provider, on digital wallet MetaMask, Infura will collect the user’s IP address and Ethereum wallet address for transactions. RPC is a protocol for requesting data and information from a program running on a third-party computer server. Source
Bitget Gives Investors an Edge With a Series of Crypto Social Trading Features – Sponsored Bitcoin News
For most retail investors, trading has traditionally been a solitary exercise, making the barrier to entry relatively high. Information regarding trading instruments and market conditions can often be hard to come by or, at other times, too complex for beginners to grasp. Here at Bitget, the organisation is determined to remove this barrier by turning trading into a social, collaborative activity that investors can engage in together. To further enhance social trading experience, the team at Bitget have recently launched two new services: Bitget Insights and Bitget Strategy Plaza. Both…
10,000 BTC moves off crypto wallet linked to Mt. Gox hack
A crypto wallet belonging to the shutdown crypto exchange BTC-e has just moved 10,000 Bitcoin (BTC), currently worth over $165 million, to various exchanges, personal wallets, and other sources on Nov. 23. A Nov. 23 Chainalysis report suggested while this withdrawal is the largest made by BTC-e since April 2018, BTC-e and WEX — an exchange which is thought to be BTC-e’s successor — both sent small amounts of BTC to Russian electronic payments service Webmoney on Oct. 26 before making a test payment on Nov. 11, then transferring out…